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Benchmark indices opened lower on Friday on Friday tracking weak global cues. The 30-share BSE Sensex opened 112 points lower at 20779 down 0.5%, while Nifty opened at 6158, down around 33 points down 0.5%.
Stocks in Asia were trading lower tracking overnight losses on Wall Street with Japan's Nikkei down over 1% as investors remained cautious ahead of US jobs data later today. The Nikkei was down 1% while the Straits Times was down 0.5%. China's Shanghai Composite was down 0.4% while Hang Seng was down 0.5%.
At 9:21AM Indian Standard Time the SGX Nifty was down 24 points at 6,200.
US benchmark share indices ended lower on Thursday after better-than-expected economic data raised concerns that Fed might start withdrawing its bond buying programme sooner than expected. However, Twitter which listed on the NYSE was the stock in focus after it surged 73% to end at $44.90 compared with the offer price of $26.
The Dow Jones industrial average ended down 153 points, or 1%, to end at 15,593.98. The Standard & Poor's 500 Index closed 23 points lower, or 1.3% lower, at 1,747.15. The Nasdaq Composite Index ended down 75 points at 3,857.33.
Twitter IPO turned out to be thumping success as shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around $25 billion and evoked the heady days of the dot-com bubble. The strong performance on Thursday is encouraging for the venture capitalists who have backed other consumer Web startups, such as Square or Pinterest, though it sounded alarm bells for some investors who cautioned that the froth was unwarranted.
The stock closed its first day of trade on the New York Stock Exchange at $44.90 a share after hitting a session-high of $50, nearly double the initial public offering price of $26 set late on Wednesday.
Key European shares ended mixed on Thursday. The CAC-40 lost 6 points to end at 4,280.99, the DAX gained 40 points to end at 9,081.03 while the FTSE-100 ended 45 points lower at 6,697.22.
Stocks in Asia were trading lower tracking overnight losses on Wall Street with Japan's Nikkei down over 1% as investors remained cautious ahead of US jobs data later today. The Nikkei was down 1% while the Straits Times was down 0.5%. China's Shanghai Composite was down 0.4% while Hang Seng was down 0.5%.
At 9:21AM Indian Standard Time the SGX Nifty was down 24 points at 6,200.
US benchmark share indices ended lower on Thursday after better-than-expected economic data raised concerns that Fed might start withdrawing its bond buying programme sooner than expected. However, Twitter which listed on the NYSE was the stock in focus after it surged 73% to end at $44.90 compared with the offer price of $26.
The Dow Jones industrial average ended down 153 points, or 1%, to end at 15,593.98. The Standard & Poor's 500 Index closed 23 points lower, or 1.3% lower, at 1,747.15. The Nasdaq Composite Index ended down 75 points at 3,857.33.
Twitter IPO turned out to be thumping success as shares jumped 73% in a frenzied trading debut that drove the seven-year-old company's market value to around $25 billion and evoked the heady days of the dot-com bubble. The strong performance on Thursday is encouraging for the venture capitalists who have backed other consumer Web startups, such as Square or Pinterest, though it sounded alarm bells for some investors who cautioned that the froth was unwarranted.
The stock closed its first day of trade on the New York Stock Exchange at $44.90 a share after hitting a session-high of $50, nearly double the initial public offering price of $26 set late on Wednesday.
Key European shares ended mixed on Thursday. The CAC-40 lost 6 points to end at 4,280.99, the DAX gained 40 points to end at 9,081.03 while the FTSE-100 ended 45 points lower at 6,697.22.
